Welcome to the Metro New Jersey Chapter of the Appraisal Institute. Our mission is to be a national leader in appraisal education; to foster a spirit of camaraderie, attract top level real estate professionals to our organization, and engender an atmosphere of professional pride, outstanding achievement and success for those affiliated with the chapter and their firms.

The Appraisal Institute is a global professional association of real estate appraisers, with nearly 17,000 professionals in almost 50 countries throughout the world. Our mission is to empower valuation professionals through community, credentialing, education, body of knowledge and ethical standards.

Organized in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws. Individuals of the Appraisal Institute benefit from an array of professional education and advocacy programs, and may hold the prestigious MAI, SRPA, SRA, AI-GRS, and AI-RRS designations.

Appraisal Institute and Chapter Education and Events: Everyone (AI and Non-AI students) must have a user name (email address) and password (reset by signing in to the Appraisal Institute website, www.appraisalinstitute.org and choose forgot password to get link to reset). When registering, keep in mind registration fees are priced according to a reduced fee for downloading materials and do not include a hard copy of materials. You will pay an additional fee for materials and shipping if you do not want to print materials on your own or bring an electronic device.

Aug
5
Mon
2024
Advanced Income Capitalization @ Chubb Risk Engineering Center
Aug 5 @ 8:30 am – Aug 9 @ 5:00 pm

Classes will run from Monday, August 5 – Thursday, August 8, 8:30 am to approximately 5:00 pm, Exam will be Friday, August 9th from 8:30 – 11:30 am.

If you are looking for a local hotel, please email the chapter at metronj@ai-newjersey.org for places to stay near the venue.

Advanced Education FAQ

Sep
19
Thu
2024
The Metro NJ Chapter’s Fall Meeting @ Chubb Risk Engineering Center
Sep 19 @ 11:30 am – 3:00 pm

Approved for 2 CE hours (10 points) by the Appraisal Institute and submitted to the the New Jersey and New York Real Estate Appraiser Boards.

Topic 1: How connected are interest rates and multifamily cap rates? A look at multifamily cap rate trends during economic turbulence, 9:30 – 10:30 am

  • Historical fed rate hikes and their impact on multifamily cap rates
  • Cap rate trends over the past three years in each state/region
  • Impact of interest rates on investment and transaction activity
  • Disconnect between pace of changing interest rates and cap rates
  • Connection to real estate liquidity and buyer pools
  • Other macroeconomic factors including supply and demand, rent growth and vacancy, cost of operating expenses, demographic trends, and investor expectations
  • Trend predictions

Topic 2: Solar development’s impact on adjacent residential and agricultural land values, 10:30 – 11:30 am

  • Solar Development has skyrocketed over the past 10 years, and with the Inflation Reduction Act, more solar fields are being proposed and constructed than ever before
  • This development tends to be predominate in rural and exurban areas, where the cost of land is low and agricultural land owners are excited about high land lease rates
  • For the last 8 years, CohnReznick has studied solar development’s impact on adjacent residential and agricultural land values, using techniques and methodology direct from Randy Bell’s Real Estate Damages textbook
  • CohnReznick has researched and analyzed several academic studies; called and interviewed nearly 100 assessors with solar in their counties; has developed specific studies in 17 states using paired sales analysis, before and after appreciation rate analysis and interviewed brokers who have sold real estate adjacent to operating solar farms
Oct
25
Fri
2024
20th Annual Fall Conference @ Pines Manor
Oct 25 @ 8:00 am – 4:30 pm

20th Annual Fall Conference Will be submitted for 7 CE hours to the New Jersey State Board, the New York State Board of Real Estate Appraisers. and the New Jersey Insurance and Banking Board for Realtor Broker 7 CE elective hours.. Also will be submitted to the the New Jersey Tax Assessors Board for Administrative hours and Appraisal Hours.

Pennsylvania Appraisal Board accepts programs approved by the NJ Appraisal Board.

Brochure will be available late August.

 

Nov
14
Thu
2024
Fundamentals of Appraising Affordable Housing
Nov 14 @ 9:00 am – 5:00 pm

This class is being held from 9:00 am – approximately 5:00 pm Eastern Standard Time.

You will receive a Zoom link the week of the class.

Virtual Meeting Requirements to get CE:

  • Students must have webcam/iphone/ipad/smartphone capability 100% of the program to participate and receive continuing education credit. The platform will be interactive and live. The instructor must be able to physically see and interact with all students and students must be able see and interact with the instructor.
  • If you have not taken a class or attended a meeting previously with the chapter, you must send a copy of a picture ID, which can be your driver’s license with all details blacked out except the name and picture emailed to the Chapter office as verification after you have registered for the offering and prior to the offering start date.
  • You cannot take virtual education from a vehicle; you must be able to see the presentation, be seen and respond if necessary.
  • If you are using your Ipad/Iphone/smartphone please download the ZOOM app prior to offering.
  • Please check your webcam privacy settings on your computer.

Check state approvals before registering to make sure the states you are licensed have approved the course/seminar and allow Virtual education in place of classroom education during the pandemic.

Donate Today to the Appraisal Institute Education and Relief Foundation Fund.

Please click the following link to donate and read information about Education Scholarships, https://aierf.org/

Joseph Wisniewski, MAI

2024 Chapter President

New Designees:

New MAI designees:

Tammy Bucior, MAI

Connor F. Montferrat, MAI

 

New AI-GRS designees:

Robert Gagliano, MAI, AI-GRS

Christopher G. Olmsted, MAI, AI-GRS

Thank you to our 2024 Conference Sponsors

The Metro New Jersey Chapter Welcomes You!

Welcome to the Metro New Jersey Chapter of the Appraisal Institute. Our mission is to be a national leader in appraisal education; to foster a spirit of camaraderie, attract top level real estate professionals to our organization, and engender an atmosphere of professional pride, outstanding achievement and success for those affiliated with the chapter and their firms.

The Appraisal Institute is a global professional association of real estate appraisers, with nearly 17,000 professionals in almost 50 countries throughout the world. Our mission is to empower valuation professionals through community, credentialing, education, body of knowledge and ethical standards.

Organized in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws. Individuals of the Appraisal Institute benefit from an array of professional education and advocacy programs, and may hold the prestigious MAI, SRPA, SRA, AI-GRS, and AI-RRS designations.

Appraisal Institute and Chapter Education and Events: Everyone (AI and Non-AI students) must have a user name (email address) and password (reset by signing in to the Appraisal Institute website, www.appraisalinstitute.org and choose forgot password to get link to reset). When registering, keep in mind registration fees are priced according to a reduced fee for downloading materials and do not include a hard copy of materials. You will pay an additional fee for materials and shipping if you do not want to print materials on your own or bring an electronic device.

 

Aug
5
Mon
2024
Advanced Income Capitalization @ Chubb Risk Engineering Center
Aug 5 @ 8:30 am – Aug 9 @ 5:00 pm

Classes will run from Monday, August 5 – Thursday, August 8, 8:30 am to approximately 5:00 pm, Exam will be Friday, August 9th from 8:30 – 11:30 am.

If you are looking for a local hotel, please email the chapter at metronj@ai-newjersey.org for places to stay near the venue.

Advanced Education FAQ

Sep
19
Thu
2024
The Metro NJ Chapter’s Fall Meeting @ Chubb Risk Engineering Center
Sep 19 @ 11:30 am – 3:00 pm

Approved for 2 CE hours (10 points) by the Appraisal Institute and submitted to the the New Jersey and New York Real Estate Appraiser Boards.

Topic 1: How connected are interest rates and multifamily cap rates? A look at multifamily cap rate trends during economic turbulence, 9:30 – 10:30 am

  • Historical fed rate hikes and their impact on multifamily cap rates
  • Cap rate trends over the past three years in each state/region
  • Impact of interest rates on investment and transaction activity
  • Disconnect between pace of changing interest rates and cap rates
  • Connection to real estate liquidity and buyer pools
  • Other macroeconomic factors including supply and demand, rent growth and vacancy, cost of operating expenses, demographic trends, and investor expectations
  • Trend predictions

Topic 2: Solar development’s impact on adjacent residential and agricultural land values, 10:30 – 11:30 am

  • Solar Development has skyrocketed over the past 10 years, and with the Inflation Reduction Act, more solar fields are being proposed and constructed than ever before
  • This development tends to be predominate in rural and exurban areas, where the cost of land is low and agricultural land owners are excited about high land lease rates
  • For the last 8 years, CohnReznick has studied solar development’s impact on adjacent residential and agricultural land values, using techniques and methodology direct from Randy Bell’s Real Estate Damages textbook
  • CohnReznick has researched and analyzed several academic studies; called and interviewed nearly 100 assessors with solar in their counties; has developed specific studies in 17 states using paired sales analysis, before and after appreciation rate analysis and interviewed brokers who have sold real estate adjacent to operating solar farms
Oct
25
Fri
2024
20th Annual Fall Conference @ Pines Manor
Oct 25 @ 8:00 am – 4:30 pm

20th Annual Fall Conference Will be submitted for 7 CE hours to the New Jersey State Board, the New York State Board of Real Estate Appraisers. and the New Jersey Insurance and Banking Board for Realtor Broker 7 CE elective hours.. Also will be submitted to the the New Jersey Tax Assessors Board for Administrative hours and Appraisal Hours.

Pennsylvania Appraisal Board accepts programs approved by the NJ Appraisal Board.

Brochure will be available late August.

 

Nov
14
Thu
2024
Fundamentals of Appraising Affordable Housing
Nov 14 @ 9:00 am – 5:00 pm

This class is being held from 9:00 am – approximately 5:00 pm Eastern Standard Time.

You will receive a Zoom link the week of the class.

Virtual Meeting Requirements to get CE:

  • Students must have webcam/iphone/ipad/smartphone capability 100% of the program to participate and receive continuing education credit. The platform will be interactive and live. The instructor must be able to physically see and interact with all students and students must be able see and interact with the instructor.
  • If you have not taken a class or attended a meeting previously with the chapter, you must send a copy of a picture ID, which can be your driver’s license with all details blacked out except the name and picture emailed to the Chapter office as verification after you have registered for the offering and prior to the offering start date.
  • You cannot take virtual education from a vehicle; you must be able to see the presentation, be seen and respond if necessary.
  • If you are using your Ipad/Iphone/smartphone please download the ZOOM app prior to offering.
  • Please check your webcam privacy settings on your computer.

Check state approvals before registering to make sure the states you are licensed have approved the course/seminar and allow Virtual education in place of classroom education during the pandemic.